Financial Aid

Barry University participates in the federal and state financial aid programs. In addition to these government-funded programs, we offer a number of scholarships to graduate students as well as professional tuition discounts. All full-time Florida teachers receive at least a 30-percent tuition discount under the Professional Recognition Scholarship Program. At Barry, we are committed to doing all we can to help you finance your education.

Professional Assistance Grant

Teachers: Any full-time **Florida teacher presenting a signed contract or 2002-2003, or a letter from his/her principal at the time of registration, is entitled to at least a 30% reduction on tuition. The contract or letter of employment is required at each registration.

**Refers to one place of employment**Grades PreK-12 only**Must be actively employed

Note:

School of Education courses for certification and re-certification are offered at a reduced rate without any further discount.

Various tuition discounts exist in other schools of the University. Please inquire within each school for details.

These discounts do not apply if tuition is paid through a grant or other subsidy, nor do they apply to discounted tuition, nor to programs with special rates.

These discounts are not applied retroactively.

Deferred Payment Plan (DPP)

Barry allows students to divide all or part of a single term's educational expenses into three convenient monthly payments (offered for courses of 12 weeks or more). There are no interest charges. However, there is a per-plan processing fee of $50.00. The first payment is due upon registration, and the next two payments will be due on the 1st of the next two following months. Students sign a Deferred Payment Plan contract which outlines the payment amounts and due dates. There is a $500.00 penalty assessed for late payments after ten (10) days. Reminder notices are sent ten (10) days before the due date.

Barry also offers a two-payment plan for courses of 10 weeks. The first payment is due upon registration; the second is due in five weeks. There is also a $50 Deferred Payment Plan Fee.

Note: There are no payment plans for courses less than 10 weeks.

Tuition Payment Plan

Barry University offers the services of Tuition Management Systems, Inc. (TMS), providing an alternative method of paying for tuition and fees. TMS will assist students in budgeting monthly payments for tuition and fees and offer a wide range of financing alternatives. Since many of these plans require payments beginning in the summer preceding the student's first semester at Barry University, interested students and their families are urged to contact Tuition Management Systems at 1-800-722-4867 for additional information.

Federal Student Loan Programs for Graduate and Professional Students

Subsidized Stafford Student Loan Program (formerly G.S.L.)

Through this program students may borrow up to $8,500 per academic year from a bank, a savings and loan association, or other lenders who participate in the program. The loan will have a fixed interest rate of 6.8%. Repayment begins six months after the student graduates or drops below half-time status. In order to qualify for the program, students must demonstrate financial need; be enrolled or accepted for enrollment on at least a half-time basis; and show satisfactory academic progress. Students must be citizens or permanent residents of the United States.

Unsubsidized Stafford Student Loan Program

Under the Unsubsidized Stafford Student Loan Program, students do not have to demonstrate financial need to borrow funds. Furthermore, the interest is NOT subsidized by the federal government while the student is in attendance. Consequently, the student will have to make interest payments or allow the bank to capitalize the interest accrued during the period of enrollment. Students may borrow up to $18,500 minus any approved Subsidized Stafford amount. The loan will have a fixed interest rate of 6.8%.

Alternative Loans

Alternative Loans are available to assist students enrolled in programs with high educationally related expenses. Creditworthy students may borrow from $2,000 - $20,000 depending on their cost of attendance. Students must demonstrate financial need, be enrolled at least half time or better, and be making satisfactory progress. Interest rates on these loans are variable, not to exceed the 91-day treasury bill rates plus 3% at repayment. Interest accrued during periods of enrollment may be capitalized upon the request of the student. Please Note: You must apply for loans. Receipt of a financial award letter indicating eligibility for a loan does not constitute application. Further information and applications for loans are available from the Office of Financial Aid. You can reach the Office at (305) 899-3673 OR 1-800-695-2279.

State of Florida Financial Assistance Programs for Graduate Students

The following state of Florida programs are available to qualified graduate students:

The financial assistance programs available through the state of Florida are subject to change. Additional programs for graduate students may also be available. The most current information regarding state of Florida financial programs may be obtained by contacting Barry's Office of Financial Aid at 305-899-3673 or 1-800-695-2279.

Grants and Scholarships Offered Through Barry University

Barry University offers a variety of grants, scholarships, and tuition discounts to qualified students. All full-time Florida teachers receive at least a 30-percent tuition discount under the Professional Recognition Scholarship Program. Proof of eligibility must be submitted. Clergy members of religious communities (sisters, brothers, etc.) receive a 30-percent discount for all graduate programs under the Professional Recognition Scholarship Program. Various academic schools at Barry University also provide grants and scholarships to eligible students.

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